38-40, Mount Pleasant, Bilston, West Midlands, WV14 7LU

Freehold development opportunity, with planning permission for 64 apartments in Bilston

Guide price*

£495,000+

Plus fees

Sold for £550,000

Lot 115 Commercial Vacant
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Auction details:

Thursday 26th October 2023 @ 09:00AM

A Freehold development opportunity with planning permission for 64 apartments, extending to approximately 1 acre ( 0.40 hectares) or thereabouts. ON BEHALF OF THE LPA RECEIVER

Property Description

The property comprises a derelict former library and art gallery extending to approximately 10,122 sq. ft. ( 940.70 sq m) over two floors, sitting on a site of 1 acre ( 0.40 hectares) or thereabouts. The site is now considered suitable for conversion and new build of residential dwellings, and a planning consent was granted for a total 64 apartments. Other schemes maybe deemed suitable , subject to obtaining the necessary consents.

Location

This former library and art gallery occupies prominent location on Mount Pleasant In Bilston . The property is within easy access of the busy A41 Oxford Street Island which links to the main A463 Black Country Route leading directly to Junction 10 of the M6 Motorway. There are a variety of national and local retailers / businesses in the locality including Post office, Iceland, Morrison’s Superstore, multiple food providers, commercial & residential estate agents, and hair & beauty specialists, along with many other commercial entities, and a high volume of residential occupation in the local vicinity. Bilston has a Shopping Centre and good bus/tram links nearby. Bilston is a town within the Borough of Wolverhampton, bordering both Sandwell and Walsall. It is approximately 4 miles from Wolverhampton Town Centre and 10 miles Northwest of Birmingham City.

Tenure

Freehold – Vacant possession upon completion.

Site Area

We understand that the site extends to approximately 1 acre (0.40 hectares) or thereabouts.

Planning

Planning Consent Planning permission was granted for the proposed demolition of outbuildings, conversion of college building to 20 apartments and the construction of 44 new build apartments under the Application No. 08/00341/FUL received on the 7thMarch 2008 and granted on 23rd September 2009. An extension of time for the implementation of Planning Permission 08/00341/FUL was received on the 17thSeptember 2012 under the Application No. 12/01119/EXT and granted on the 22ndOctober 2013.

Services

Mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their requirements.

Ground Conditions & Contamination

Prospective buyers must undertake their own investigations regarding ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans/Aerial Photographs

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Viewings

External viewings only.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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